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Caijiaying Mine Receives Ministry Green Mine Accreditation
19th January 2021
Griffin Mining Limited ("Griffin" or the "Company") is very pleased to announce that the central Chinese Ministry of Natural Resources (the "MNR") has today published its formal list of mines operating in China which have passed the national level green mine assessment, with the Caijiaying Mine occupying the position at the top of the list. Formal certification is expected shortly.
Under its 'Green Mine Construction Plan', the Chinese Central Government is attempting to motivate mining enterprises to improve their resource utilization efficiency, protect the environment and harmonize their relationship with communities. The MNR's Circular of Selection of Green Mines 2019 outlines the criteria for a green mine including a mine's adherence to the law, corporate culture, quality controls relating to health, safety and environmental protection, resource utilization strategies, environment restoration and reclamation processes and their relationship with local communities. The consequence of failing to ensure certification is closure of the designated mine. Further, in 2020, the Provincial Government of Hebei Province in its 'Green Mines Construction Work Plan' declared that all non-green mines in its provincial area will be shut down from the beginning of 2021.
Green Mine approval comes after the Company's past environmental best practices have been recognised by the Chinese government with the Environmental Award and the Mine Development Outstanding Achievement Award at successive China Mining Conferences.
Chairman Mladen Ninkov said "The Company is delighted to receive Green Mine accreditation, not just to ensure the smooth continuation of operations at Caijiaying, but also to show the Company's continuing commitment to the environment, the local Chinese community and to the greater People's Republic of China."
About Griffin Mining Limited
Griffin Mining Limited's shares are quoted on the Alternative Investment Market (AIM) of the London Stock Exchange (symbol GFM). Griffin Mining Limited owns and operates through its 88.8% owned Joint Venture in China the Caijiaying Zinc Gold Mine, a profitable mine producing zinc, gold, silver, and lead metals in concentrates. For more information, please visit the Company's website giffinmining.com.
Further information
Griffin Mining Limited
Mladen Ninkov - Chairman Telephone: +44(0)20 7629 7772
Roger Goodwin - Finance Director
Panmure Gordon (UK) Limited Telephone: +44 (0)20 7886 2500
John Prior
Joanna Langley
Berenberg Telephone: +44(0)20 3207 7800
Matthew Armitt
Jennifer Wyllie
Deltir Elezi
Blytheweigh
Tim Blythe Telephone: +44(0)20 7138 3205
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014